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today’s news for Monday, May 24, 2021

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NASFAA UPDATES AND ANNOUNCEMENTS

If Higher Education Emergency Relief Fund (HEERF) checks are not cashed or funds remain unclaimed after attempts to deliver those funds to the student, the school must either promptly return the funds to the Department of Education through G5 or award those funds to another student. View the full answer to this question to learn more and search for answers to your other pressing regulatory and compliance questions in NASFAA's AskRegs Knowledgebase.

Yes. Whether you could pay staff salaries and benefits with HEERF I institutional funds under Section 18008(a)(1) of the CARES Act depended on whether it was a cost related to significant changes in the delivery of instruction due to COVID-19 and the timing of those expenditures. View the full answer to this question to learn more and search for answers to your other pressing regulatory and compliance questions in NASFAA's AskRegs Knowledgebase.

NASFAA Membership to Hold Annual Business Meeting Virtually Tomorrow

NASFAA's annual Awards Ceremony and Business Meeting this year will be conducted virtually at 2:00 p.m. ET tomorrow, May 25, 2021, as part of the Policy Update Webinar. NASFAA's Bylaws dictate that the association must meet annually for the purpose of transacting all business which may be brought before the membership. The meeting will include reports on NASFAA's financial status, governance and oversight, and diversity efforts.

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